Gwinnett County Bankruptcy Attorney Keith Cornwell

The recent economic recession left millions of Americans in financial turmoil. So, if you are currently facing financial problems don't worry. There are many other Americans in a similar situation. If you walk around Gwinnet County you will encounter people who have been laid off or are struggling to pay their mortgages, or maybe have been involved in an accident and are barely managing to pay their medical bills. At Cornwell Law firm, we understand all what you are going through and we are confident that we can help you find the best solution to your problem regardless of its complexity.

Chapter 7 and Chapter 13 bankruptcies are used in different scenarios. They are both very powerful when it comes to fighting foreclosures and stopping creditor harassment. When you come to me for consultation I will explain everything to do with bankruptcy, including the benefits of bankruptcy and applicable bankruptcy exemptions. All this will enable you to understand everything to do with bankruptcy. Though bankruptcy is a powerful tool used for discharging debts, some people are not interested in filing for bankruptcy but instead they are looking for other solutions to their financial problems.

As an experienced Gwinnet County bankruptcy lawyer, I respect your decisions and all I want to do is provide the necessary information that you need so as to arrive at the best decision that will get you out of your current financial problems. If bankruptcy is not on your list of solutions, due to personal or practical reasons, then I am willing to assist you pursue other debt-relief avenues. Some of those avenues may include debt negotiation or an alternative debt settlement. Many times creditors are not willing to negotiate with the debtor. However, they may be convinced to sit down and agree to terms if you have a lawyer.

Thousands of Bankruptcy Cases Handled Since 2006

I have been in the industry since 2006. During that time I have represented thousands of clients in their Chapter 13 and Chapter 7 bankruptcy cases. Since I have a great amount of knowledge and experience in this field I am able to quickly come up with the best solution when I review a potential client's situation. After the first meeting I am usually certain about the steps that my client should take so as to solve the problem once and for all. As soon as the client acquires this knowledge and knows what needs to be done next, he or she can experience a huge sense of relief and take control of the situation. If you are not sure of what you are supposed to do to get out of your current financial situation, I would be happy to put you on the right track and walk with you all the way.

There are several clear differences between Chapter 13 and Chapter 7. Chapter 7 is normally the more preferable bankruptcy because it allows debtors to wipe out some unsecured debts such as personal loans, credit card debt, old taxes and medical bills. However, not everyone is eligible for Chapter 7 bankruptcy. Those who have a regular and sizeable source of monthly income are usually left with no choice, other than to file a Chapter 13 bankruptcy. With a Chapter 13 bankruptcy, the debtor pays off all or a portion of their debts for a period of 3 to 5 years. To determine what chapter you are eligible for, you will have to take the bankruptcy means test. There is no need to worry about the test. I can help you with that.

Life After Bankruptcy

Bankruptcy remains on your credit information for a number of years. However, it is important to understand that currently people have charge offs, repossessions and foreclosures on their credit. Potential lenders are not out to dismiss you over past credit issues, rather what they are more interested in is seeing that you have rebuilt your credit after bankruptcy. Therefore, if after filing for bankruptcy it is important for you to concentrate on rebuilding your credit.

Unlike what many people think, it is possible for one to repair their credit status even after filing for bankruptcy. Therefore, if you are afraid of applying for bankruptcy because of the risk of destroying your credit-worthiness, you no longer have to hold back. You can build your credit score back up if you work hard at it. I have seen many clients do so. If you want to rebuild your credit within two years after your bankruptcy, I can help you out with it. I will answer your questions and explain what you need to do so as achieve that.

If you are a Gwinnet County resident and are thinking of filing for bankruptcy or are ready to build back your credit, just call the Cornwell Law Firm. I will give you a free initial consultation to hear you out and guide you on the path you should take. I will be waiting for your call.